If You Wish to Construct 85% Upper Confidence Bound (UCB)

question 127

Multiple Choice

If you wish to construct 85% upper confidence bound (UCB) for the population proportion p, then the z-value you should use is approximately:

• A) 2.58
• B) 2.33
• C) 1.96
• D) 1.65
• E) 1.04

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Definitions:

Net Present Value

The variance in the present value of cash entering and leaving over a specified period.

Present System

The current set of methods, processes, or mechanisms in place within an organization or system.

Simple Rate

Simple Rate often refers to a straightforward percentage or rate applied in calculations without complications such as tiering or compounding.

New Machine

Refers to the acquisition of a new piece of equipment or machinery intended to increase productivity or efficiency in a manufacturing or operational process.